Back to News

Borealis wins the 2019 Foreign Investment of the Year Trophy

Photo: Flanders’ Minister-President Geert Bourgeois handed the FIT trophy to Thomas Van De Velde, Borealis Vice President Hydrocarbons & Energy

​Photo: © Flanders Investment & Trade

Recognition for EUR 1 billion investment in new propylene dehydrogenation plant in Kallo, Belgium

On 18 March 2019 Borealis received the 2019 Foreign Investment of the Year Trophy from Flemish Prime Minister Geert Bourgeois. With this Award, Flanders Investment & Trade (FIT) honours an exceptional investment by an international company in Flanders.

With this initiative, FIT is highlighting the socio-economic importance of foreign direct investment for the seventh year in a row.

Borealis is investing EUR 1 billion into the construction of a new propane dehydrogenation plant on its existing site in Kallo, at the Port of Antwerp, Belgium. “We feel honoured and proud to have won the FIT trophy”, comments Borealis CEO Alfred Stern. “Our investment strengthens Flanders’ position as an industry location, creates additional employment, and enables us to supply our customers with end products in a competitive and sustainable way.

Watch FIT’s video with Borealis CEO Alfred Stern and Vice President Hydrocarbons & Energy, Thomas Van de Velde, explaining the importance of this project for the region and for Borealis.

Read more on www.foreigninvestmenttrophy.be.

Photo: Flanders’ Minister-President Geert Bourgeois handed the FIT trophy to Thomas Van De Velde, Borealis Vice President Hydrocarbons & Energy

​Photo: © Flanders Investment & Trade

Downloads
Photo: Flanders’ Minister-President Geert Bourgeois handed the FIT trophy to Thomas Van De Velde, Borealis Vice President Hydrocarbons & Energy ​Photo: © Flanders Investment & Trade
Media Contact
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
+43 1 22 400 772
media@borealisgroup.com

Related News

Media Release – 24/06/2022

Project STOP celebrates major milestones achieved to stop waste leaking to the environment by creating a more circular waste management system in Indonesia

Read more

Media Release – 21/06/2022

Borealis is investing in global assets to satisfy future demand for high-quality Wire and Cable compounds

Read more

Media Release – 20/06/2022

Borealis and Borouge showcase sustainable Wire & Cable innovations at the WIRE 2022

Read more

Media Release – 15/06/2022

Borealis and EREMA Group provide a first glimpse of the topics, activities and highlights they will present in Düsseldorf

Read more

Media Release – 10/06/2022

Borealis Strategy 2030: Re-inventing Essentials for Sustainable Living

Read more

News – 30/05/2022

Borealis Innovation Award 2022 for the best HTL final papers

Read more

Media Release – 12/05/2022

Borealis and Reclay Group form new joint entity, Recelerate, to make plastic circularity a reality

Read more

Media Release – 06/04/2022

Borealis and Grabher partnership gives used FFP2 face masks another life

Read more

Media Release – 05/04/2022

Leading innovator Borealis again files record breaking number of international patent applications in 2021

Read more